Here are some of the accounts of MM Ltd: 1 Share capital 2 Accounts payable 3 Cash
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Here are some of the accounts of MM Ltd:
1 Share capital 2 Accounts payable 3 Cash at bank 4 Inventory 5 Borrowings 6 Provision for employee entitlements (current portion)
7 Wages payable 8 Equipment 9 Accounts receivable 10 Retained profits State whether each would be classified as an asset, a liability or shareholders’ equity.
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Related Book For 
Fundamentals Of Accounting And Financial Management
ISBN: 9780170454797
8th Edition
Authors: Professor Ken Trotman, Kerry Humphreys
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